Food & Life Companies (3563) investor relations material

Executive summary

• 1H FY26 results exceeded expectations, with consolidated revenue up 24.7% year-over-year to ¥254.2bn, operating profit up 43.7% to ¥28.1bn, and profit for the period up 49.9% to ¥17.8bn, driven by strong international growth and steady expansion in Japan.

• Comprehensive income increased 67.0% year-over-year to ¥21,446 million.

• Store count reached 1,231 at end of 1H FY26, with significant growth in international markets.

• Full-year FY26 forecast revised upward, targeting high growth and improved profitability, with momentum for the next mid-term plan.

Financial highlights

• 1H FY26 consolidated revenue rose 24.7% year-over-year to ¥254.2bn; EBITDA up 37.4% to ¥37.3bn; operating profit up 43.7% to ¥28.1bn; profit for the period up 49.9% to ¥17.8bn.

• Q2 FY26 revenue increased 25.7% year-over-year to ¥131.5bn; EBITDA up 38.2% to ¥19.5bn; operating profit up 46.8% to ¥14.6bn; profit for the period up 61.0% to ¥9.2bn.

• Basic earnings per share increased to ¥156.81 from ¥104.91 year-over-year.

• Total assets grew to ¥429,704 million, and total equity attributable to owners of the parent rose to ¥114,666 million.

• Cash and cash equivalents increased to ¥62,400 million, with operating cash flow up 54.7% year-over-year.

Outlook and guidance

• FY26 full-year revenue forecast raised by ¥20bn to ¥505bn; operating profit forecast up by ¥8bn to ¥48.5bn; profit for the period forecast up by ¥6bn to ¥30bn.

• Adjusted EBITDA forecast for FY26 is ¥67.5bn (+29.6%).

• EPS forecast revised to ¥264.26 (pre-split); ROE expected at 27.6%.

• New store openings projected at 110–120 for FY26.

• New medium-term management plan (FY27–29) to be announced in November.